Spanish Mortgage Calculator — Non-Resident
What will your mortgage cost as a non-resident? This Spanish mortgage calculator runs purchase price, equity and costs in two minutes.
What does a mortgage in Spain or Portugal cost for non-residents?
The calculation has three parts that German and international buyers regularly underestimate. First, the loan-to-value limit: non-residents typically finance up to 70 % of the purchase price in Spain and up to 80 % in Portugal — the rest is equity. Second, the purchase costs, which come on top and are not financed: around 11 % in Spain, around 10 % in Portugal (taxes, notary, registry, lawyer). Planning a €350,000 purchase in Spain realistically means having over €140,000 of your own funds ready before the first instalment runs. Third, the monthly payment itself: it depends on interest rate and term — both are your own inputs in the calculator below; the result is your calculation, not an offer. For actual terms, we review your documents and obtain offers from Spanish and Portuguese banks. Not legal or tax advice.
The calculator gives a first orientation for financing in Spain. It reflects the Spanish purchase costs of around 11 percent of the price. Buying in Portugal? Use the separate Portugal mortgage calculator.
The result is an estimate, not an offer. For firm terms I review your documents and request quotes from Spanish banks.
A quick estimate — what does your mortgage cost?
A first orientation for your financing plan. For an individual offer, contact me directly.
Your financing & total-cost overview (estimate)
- Interest rate (calculation basis, p.a.)—
- Monthly payment—
- Loan amount—
- LTV—
- Purchase costs—
- Total investment—
- Equity required—
- Total interest over the term—
- Total cost over the term—
Our brokerage focus starts at a loan amount of €100,000. Below that we're still happy to give you an honest read on whether it makes sense in your case.
Estimate, no guarantee. The interest rate is the calculation basis for this example, not a market rate or commitment — the rate you actually achieve depends on your credit profile, the property and the bank. Spain: max. 70 % LTV for non-residents. Costs = purchase costs (taxes, notary, land registry, lawyer, NIE/NIF). Total cost = equity + purchase costs + all payments over the term. For a binding offer, contact me.
Numbers look right, but not sure the bank will follow? The mortgage readiness check gives a rough read on income, debt-to-income, age and paperwork in about a minute.
Dealing with an inherited or gifted property instead of a purchase? The inheritance tax calculator compares the relief by region.
Buying in Portugal specifically? The Portugal mortgage calculator is pre-set to the 80% LTV ceiling and Portuguese closing costs.
Model calculations without guarantee. Not binding offers. Terms vary depending on credit profile, property and bank. No tax or legal advice.
Get the full evaluation by email
The complete breakdown with your exact figures — loan, equity required, total interest — straight to your inbox.
How the calculator works
The payment is a French annuity: a constant amount over the whole term, within which the interest share falls and the repayment share rises. That is the standard amortisation in Spain — and it explains why a longer term lowers the payment noticeably but raises the total cost.
- Loan amount = purchase price minus equity. More equity lowers not only the payment but also the loan-to-value — and with it, often the margin the bank charges.
- LTV = loan divided by purchase price. The calculator shows it separately because it is the real hurdle: if it exceeds the usual non-resident range, the application fails on this number, not on income.
- Purchase costs are added as a country flat rate and are not part of the loan. They have to be available on top of the equity.
- Total cost = equity plus purchase costs plus all payments over the term. That is the figure that counts when comparing two offers — not the nominal rate alone.
The calculator uses a fixed interest rate of 2.65% as the calculation basis for this example — not an offer and not a commitment. The ranges actually available — fixed, variable and mixed — are under mortgage rates Spain, with source and date checked.
What buyers regularly miss in their own sums
First: the bank does not finance the purchase price. The basis is the lower of purchase price and tasación — the valuation the bank commissions itself. If the appraised value comes in below the agreed price, the loan shrinks, and the difference is additional equity. Buyers who calculate tightly lose the financing at this point, not on creditworthiness. In detail: valuation instead of purchase price.
Second: purchase costs are not financed either. Taxes, notary, land registry and lawyer come out of your own funds on top. Which items apply at what level — and how far transfer tax diverges between the autonomous communities — is shown by the purchase costs calculator; the system behind it is under gastos de compra.
Third: the term is not freely selectable. It ends at an age limit, and with two borrowers the younger one's age counts. Anyone entering a term that overshoots that limit is budgeting for a payment that will not exist — the framework is under the age limit on Spanish mortgages.
What it cannot answer — and where to go next
The calculator tells you what a financing costs if it happens. It does not tell you whether it happens. That depends on the debt-service ratio, existing commitments at home, the type of income and the currency you earn in. A rough reading of that side comes from the mortgage readiness check.
Nor does it reflect that not every structure is written by every bank. Stage payments during construction, fincas on rústico land, foreign-currency income or lending against a paid-off property are special cases with a much smaller circle of lenders — which structures how many banks actually write is set out in the market check.
And it does not replace an approval. In Spain a financing only becomes binding with the bank's binding offer, which must be with the notary before completion — the full process with all deadlines is under how buying property in Spain works.
How much equity do I need in Spain?
How high are the purchase costs in Spain?
Does the calculator replace an offer?
Financing new-build stage payments — Spain — the guide as a PDF
How the structure works, what breaks it, which documents the lender wants to see and in which order to proceed. Free, by email, no upfront cost.
What is inside:
- Disbursement · each instalment in full, while the building goes up
- Equity · paid in first, sized against the tasación
- Recipient · straight to the developer
- Property type · developer new build (obra nueva) — not self-build
- Lenders writing this · 1 of 15–20 approached (Perini Market Check 07/2026)
Open the PDF directly — no form · Financing new-build stage payments — Spain (PDF)
All figures are orientation from our brokerage practice — not a commitment and not a guaranteed condition. Whether a case works depends on the property, the valuation and your standing: subject to credit assessment, case by case, no legal entitlement.